Moomoo Wealth provides various investments, including money market funds (Cash Plus) and liquidity funds.
Money market funds invest in low-risk money market financial instruments such as government short-term bonds, and fixed deposits in banks. Below are some key features of money market funds.
Put your uninvested cash to work by investing in MMF, which can be redeemed immediately at any time for trading stocks, IPOs, and mutual funds.
Notes: Your buying power for participating in IPOs is subject to your margin loan limit.
There is no lock-up period for money market funds. Investors can redeem them at any time after the units are confirmed. Therefore, investors can enjoy higher yield and the flexibility of redemption simultaneously.
There are no subscription fees and redemption fees.
Liquidity funds mainly invest in money market instruments of high security. Liquidity funds offered by Moomoo Wealth have the following features:
Start investing from 0.01 USD.
Transact for 0 subscription and redemption fee.
Return is renewed on each trading day.
Your funds will be managed by a trustee and/or custodian to ensure the safety of your assets.